August 2008 - Page 39 of 55

TuesdayAug 12, 2008 6:59 am

Budget Waste Goes Green While Continuing to Improve Bottom Line

As previously announced, Budget Waste ("BWI") (PINKSHEETS: BDGW) has changed its fleet over to Bio-Diesel fuel, resulting in Cost Savings for the company, as well as being environmentally friendly. Management has made this change as part of the company's ongoing commitment to be more environmentally friendly. Additionally, management anticipates future cost savings from this change to be 5%. Over the next three quarters, the Company anticipates that the cost of fuel used in the fleet will be reduced by $45,000. As noted in our previous release, Jim Can says, "Our company will continue to improve operation efficiencies and scrutinize our…

TuesdayAug 12, 2008 6:41 am

SpongeTech Delivery Systems Inc. (SPNG.OB) is “One to Watch”

SpongeTech wants you to "kick the bucket", but don't take it personally. They want you to quit using buckets full of water when it comes to washing your vehicles. They offer their one-step Auto Wash & Wax System from SpongeTech®. This system uses the company's proprietary, patent (and patent-pending) technologies that involve hydrophilic (liquid absorbing) foam and polyurethane matrices. These sponges have an outer contact layer and an inner matrix. The inner matrix comes pre-loaded with specially formulated soaps and wax. These soaps and wax release when the sponge becomes wet and the user wipes a surface with minimal pressure.…

TuesdayAug 12, 2008 6:39 am

Adino Energy Corporation (ADNY.OB) is “One to Watch”

Adino Energy Corporation is a wholesale fuel distributor and fuel terminal operator with headquarters in Houston, Texas. Founded in 1981, and trading on the OTCBB, Adino Energy offers storage, delivery, and blending of diesel fuel. They also offer biodiesel to the "green" fuels market. Through their subsidiary, Intercontinental Fuels, LLC, the company operates a fuel storage terminal in Houston, Texas. This terminal distributes petroleum-based products and bio-diesel to local wholesale and retail fuel distributors. Adino Energy Corporation's fuel terminal, adjacent to George Bush Intercontinental Airport , is located near refineries and fuel pipelines in north Houston. The terminal has attracted…

TuesdayAug 12, 2008 6:05 am

Air T, Inc. (AIRT) is “One to Watch”

Air T, Inc. is a leading provider of cargo services to the overnight express delivery industry and also manufactures and sells on-the-ground support services, including aircraft, de-icing and decontamination products. The North Carolina-based company, whose biggest customer is FedEx Corp., reports fiscal first-quarter earnings today, Aug. 12, 2008. For the fiscal year that ended March 31, the company reported a 36% surge in profits. Most of the company's revenue is generated from operations in the eastern half of the U.S., the Caribbean and South America. Air T also counts among its clients, the U.S. Air Force and Navy. In fact,…

TuesdayAug 12, 2008 6:01 am

PeopleSupport, Inc. (PSPT) to Merge with Aegis BPO through Subsidiary Essar Services (Mauritius)

PeopleSupport, Inc. (PSPT) has announced a definitive agreement to merge with Aegis BPO, a global business process outsourcing provider, through Essar Services (Mauritius), Aegis’s wholly owned subsidiary. This merge of companies will be achieved through a cash transaction with an aggregate equity value of approximately $250M, and has been unanimously approved by the boards of directors of both companies. Aegis BPO is one of India’s fastest growing BPO companies with an annual revenue of over USD $320M. The company services some of the world’s largest corporations in the telecom, banking, insurance and healthcare verticals through its 25 delivery facilities in…

TuesdayAug 12, 2008 5:59 am

China Automotive Systems, Inc. (CAAS) Reports Solid Second Quarter Results

China Automotive Systems, Inc. (CAAS), a manufacturer of power steering components, oil pumps and sensors in China, announced second quarter financial results this morning. Revenues rose to $46.5 million, an increase of 28.1% year over year and 12.2% sequentially. Net income grew 93.2% to $4.7 million, or 18 cents per share, compared to $2.5 million, or 10 cents per share, in the second quarter of fiscal 2007. "We closed our slow season with a high note as we continue to outpace our market growth and win accounts from our competitors," said Mr. Qizhou Wu, Chief Executive Officer of China Automotive…

TuesdayAug 12, 2008 5:58 am

NexHorizon Communications Inc. (NXHZ.OB) Continues Growth through Acquisition, Latest Closing Expected in 4th Quarter

In much the same way that cell phone operators are reaching a critical customer mass, cable system operators are increasingly looking for new customers in need of digital services. There are only so many qualified households to go around and those are being assimilated quickly. A cable operator that has a solid business plan to locate and upgrade these remaining households, and retain them once upgraded, is a cable operator that should be ready to produce reliable profits for some time to come. NexHorizon Communications Inc., a cable system developer and operator, works to acquire and upgrade rural cable systems…

TuesdayAug 12, 2008 5:55 am

FUQI International, Inc. (FUQI) Reports 253% Increase in Second Quarter Net Income, Raises Guidance

FUQI International, Inc. (FUQI), a designer and manufacturer of precious metal jewelry in China, reported second quarter financial results this morning. Revenues rose 154% year over year to $66.9 million, compared to $26.3 million. The one analyst that covers the company expected revenues of $62.8 million. Net income surged 253% to $5.3 million, or 25 cents per share, vs. $1.5 million, or 10 cents per share, for the same period last year. The analyst was expecting earnings of 20 cents per share. Mr. Yu Kwai Chong, Chairman of Fuqi International commented, ''We are very pleased with our results for the…

TuesdayAug 12, 2008 5:54 am

SWS Group Inc. (SWS) is Helping Clients Invest in Their Futures

SWS Group, Inc. is a holding company based in Dallas, Texas. They are the largest Texas-based securities firm and the only full-service, Texas-based firm that is a member of the NYSE. Incorporated in 1972, they operate through various subsidiaries that provide financial and investment services to a myriad of clients. SWS Group has over 900 employees and $5 billion in total assets. Their subsidiaries process securities transactions for correspondent brokerage firms. They also provide securities brokerage, investment banking, commercial banking, and other financial services to individual, corporate, and public clients. One of their subsidiaries, Southwest Securities, Inc., is their principal…

TuesdayAug 12, 2008 5:52 am

Royale Energy Inc. (ROYL) is Building Their Oil and Gas Kingdom

As a NASDAQ Global Markets traded company, Royale Energy Inc. is an independent exploration and production company focused on the acquisition, development, and marketing of oil and natural gas. Founded in 1986, Royale Energy owns and operates wells in California, Texas and the Rocky Mountains, as well as the Gulf Coast. They engage in the production and sale of oil and natural gas as well as the acquisition of oil and gas lease interests and proved reserves. They also involve themselves in the drilling of exploratory development wells, and the sale of working interests in wells primed for drilling. With…

Site Search

Company Search

Month: August 2008